Lendlease Annual Report 2022

Our focus areas 45 Environmental performance 1 Our environmental performance data disclosure is in line with our financial reporting program and provides 12 months of data to 30 June 2022, which includes actual data for Q1-Q3 and partially estimated Q4 data. Our full year environmental performance data will be available on the Lendlease website in the ESG Databook once Q4 data has been gathered and the limited assurance engagement completed. Our environmental performance has seen both energy use and emissions affected by the gradual economic recovery due to the ongoing impacts of COVID and the sale of our Engineering and Services businesses. We have also made significant progress in reducing carbon emissions through the implementation of our global decarbonisation mandates, business commitments to renewable electricity and the use of renewable diesel where available. We continued our purchase of carbon offsets for unavoidable emissions. In FY22, we offset 18 per cent of our remaining scope 1 and 2 emissions, taking our net position to 80 ktCO2-eq. Scope 1 and 2 carbon target performance ktCO2-eq FY20 FY21 FY22 FY23 FY24 Scope 1 Scope 2 370 158 98 121 80 221 210 198 186 75 23 118 39 263 107 Scope 2 emissions have been calculated using the market- based method, which includes the use of renewable energy certificates, power purchase agreements, green power and inherent grid renewables. Scope 1 and 2 emissions by segment 98 ktCO2-eq Electricity used by the Investment Management business is the largest contributor to our combined scope 1 and 2 emissions. Our plans to increase the purchase of renewable electricity to achieve our target of 100 per cent renewable electricity by 2030 should significantly reduce the scope 2 carbon emissions associated with this line of business. FY22 energy use by segment (GWh) FY20 FY21 FY22 Investments 320 195 181 Construction 122 124 101 Non-core 406 58 19 Lendlease tenancies 8 7 6 Total 856 384 306 % of electricity use from renewable sources including grid renewable electricity 33% 42% Total energy consumption in FY22 has reduced by 20 per cent compared with FY21. This includes the impact of the sale of the Services business, the further sell down of our equity share of the Retirement Living Trust, and the ongoing impacts of COVID. FY22 waste diverted and disposed (kTonnes) FY20 FY21 FY22 Waste disposed 338 61 30 Waste diverted 409 181 204 % waste diverted from landfill 55% 75% 87% In FY22 the Construction business saw an increase in waste diverted and a corresponding decrease in the amount of waste disposed. Waste disposed and diverted remained relatively static across our other lines of business. FY22 water consumption by segment (MLitres) FY20 FY21 FY22 Investments 4,956 4,289 4,425 Construction 470 332 356 Non-core 711 27 6 Lendlease tenancies 47 46 28 Total 6,185 4,694 4,816 FY22 saw an increase of water use across our operations. This was largely due to expanding our reporting boundary for the Australian Retirement Living business to implement a globally consistent methodology for water reporting to include resident potable water use in addition to common areas. 1. Some charts and tables may not sum due to rounding.

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